Housing in Otterbein, IN is significantly lower than the US median value of $338,100, coming in at a median value of just $168,400. Despite this, however, the 1 year appreciation rate for houses in Otterbein is actually higher than the national average of 8.27%, coming in at 10.75%. This suggests that Otterbein real estate is growing in value much faster than other areas around the US. In addition to this rapid increase, median housing prices are still very affordable compared to most other parts of the country which makes it an attractive option for potential home buyers looking for a competitive market.
The median home cost in Otterbein is $168,400. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Otterbein is up 14.6%.
Average Age of Homes
- The median age of Otterbein real estate is 60 years old
The Rental Market in Otterbein
- Renters make up 37.2% of the Otterbein population
- 0.0% of houses and apartments in Otterbein, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.